Fengche (Shanghai) Information Technology Co., Ltd. recently signed an official cooperation agreement with China Top 100 Dealers Group - Henan Hezhong Automobile Group. The two parties will carry out comprehensive cooperation in areas such as digital auction transactions for the group's used cars and scrapped vehicles. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Hezhong Automobile Group its years of practical experience in the digital management, operation, marketing, and trading of used cars in China. The cooperation will be continuously deepened to create value, helping Hezhong Automobile Group achieve the digitalization, standardization, online management, and process control of its used car replacement and scrapped vehicle businesses, further accelerating the development of the group's automobile business.

About Hozon Auto Group

Henan Hozon Auto Group was established in November 2005 with a registered capital of 150 million yuan. It has always upheld the mission of "making car ownership a form of happiness," adhering to the core values of "satisfaction comes from professionalism, sincerity in service as a model," and maintaining the corporate spirit of "honoring reputation and pursuing excellence." Based in the Henan market, the group focuses on the automotive marketing and service industry. The group has over 1,400 employees, has accumulated sales of more than 230,000 vehicles, and provided after-sales maintenance services for over 1.8 million vehicles. The group operates more than 30 4S stores across seven major brands including AITO, HarmonyOS Smart Mobility, FAW-Volkswagen, smart, Lynk & Co, Lantian, and Jetta, as well as business sectors such as car rental, mobility services, used cars, vehicle import and export, automotive accessories, insurance agency, NewForce Technology, and Voice Communication. Covering the entire value chain of the automotive industry, the group provides comprehensive services for purchasing, using, repairing, replacing, and renting vehicles. Its diversified business development strategy has formed a uniquely competitive corporate growth path for Hozon Group.

About Fengche

Fengche (Shanghai) Information Technology Co., Ltd. (referred to as “Fengche”) is a professional digital transaction platform service provider in China. It has received multiple rounds of strategic investments from NYSE-listed companies and Fortune Global 500 companies. With "intelligent digital technology" as its core advantage, Fengche provides professional digital transaction service capabilities for automobile manufacturers, 4S dealership groups, and downstream car dealer channels.

Smart Used Cars is a standard business system designed for dealership groups and car source agencies. It covers used car ERP management systems, CRM customer management systems, online marketing systems, BI data analysis systems, financial systems, retail and wholesale channels, and overseas marketing channels. It connects the entire used car industry chain of dealership groups, forming an integrated system covering used car business management collaboration, customer and sales management, business decision-making and intelligence, and transaction services. It collaborates with 4S dealership groups and OEMs' used car departments to establish standardized processes and operational systems for used cars, continuously enhancing the digital operation capabilities and value of the used car business.

Quanguo Pai is Fengche's nationwide cross-regional B2B transaction platform. Upstream, it connects dealership groups, manufacturers, and financial and insurance institutions with used car sources; downstream, it connects used car dealers and buyers nationwide. Leveraging its advanced digital capabilities and advantages, Quanguo Pai’s core mission is "to lower circulation costs and improve circulation efficiency," creating value for the industry and clients.

Chuhai Yun (CEA) is China's cross-border e-commerce platform for automobile exports. Chuhai Yun is committed to strong collaboration, leveraging each party's strengths, integrating dealership groups and car source agencies, expanding export channels, and connecting domestic manufacturers and dealership groups with overseas channels and buyers online, helping Chinese automobiles create value in overseas circulation.

By leveraging advanced digital and AI technology, Fengche connects 25 domestic automobile manufacturers, 200 4S dealership groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online, comprehensively improving efficiency, reducing costs, enhancing effectiveness, and connecting upstream and downstream industry chains to maximize value for all parties, practicing the mission of "making business simpler and life better!"